Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.5%, FCF Yield is 7.4%
Stock price has recently run up significantly
12M Rtn12 month market price return is 132%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 37%
Key risks
KGC key risks include [1] operational headwinds leading to higher all-in sustaining costs and [2] potential permitting delays for significant development projects, Show more.
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 46%
 
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36%, CFO LTM is 3.8 Bil, FCF LTM is 2.6 Bil
 
4 Low stock price volatility
Vol 12M is 50%
 
5 Megatrend and thematic drivers
Megatrends include Precious Metals & Global Resources. Themes include Gold Mining & Production, and Sustainable Mining Practices.
 
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.5%, FCF Yield is 7.4%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 37%
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 46%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36%, CFO LTM is 3.8 Bil, FCF LTM is 2.6 Bil
4 Low stock price volatility
Vol 12M is 50%
5 Megatrend and thematic drivers
Megatrends include Precious Metals & Global Resources. Themes include Gold Mining & Production, and Sustainable Mining Practices.
6 Stock price has recently run up significantly
12M Rtn12 month market price return is 132%
7 Key risks
KGC key risks include [1] operational headwinds leading to higher all-in sustaining costs and [2] potential permitting delays for significant development projects, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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Kinross Gold (KGC) stock has remained largely at the same level since 11/30/2025 because of the following key factors:

1. Macroeconomic Tailwinds from Surging Gold Prices. The price of gold experienced a significant rally, reaching an all-time high of $5,595 per ounce in January 2026. Despite a subsequent pullback, gold was trading above $4,400 per ounce as of March 2026, creating a highly favorable operating environment that boosted Kinross Gold's revenue and margins.

2. Strong 2025 Financial Performance Exceeding Expectations. Kinross Gold reported record financial results for the full year 2025, including a record $2.5 billion in free cash flow, representing an 85% increase year-over-year, and adjusted net earnings of $1.84 per share, more than double the prior year. The company's fourth-quarter 2025 adjusted EPS of $0.67 surpassed analyst expectations of $0.5784 by 15.84%.

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Stock Movement Drivers

Fundamental Drivers

The 2.4% change in KGC stock from 11/30/2025 to 3/29/2026 was primarily driven by a 24.2% change in the company's Net Income Margin (%).
(LTM values as of)113020253292026Change
Stock Price ($)28.0828.742.4%
Change Contribution By: 
Total Revenues ($ Mil)6,4447,0519.4%
Net Income Margin (%)27.3%33.9%24.2%
P/E Multiple19.414.5-25.2%
Shares Outstanding (Mil)1,2151,2070.7%
Cumulative Contribution2.4%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/29/2026
ReturnCorrelation
KGC2.4% 
Market (SPY)-5.3%30.9%
Sector (XLB)10.0%58.8%

Fundamental Drivers

The 37.9% change in KGC stock from 8/31/2025 to 3/29/2026 was primarily driven by a 34.6% change in the company's Net Income Margin (%).
(LTM values as of)83120253292026Change
Stock Price ($)20.8528.7437.9%
Change Contribution By: 
Total Revenues ($ Mil)6,0747,05116.1%
Net Income Margin (%)25.2%33.9%34.6%
P/E Multiple16.714.5-13.1%
Shares Outstanding (Mil)1,2261,2071.6%
Cumulative Contribution37.9%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/29/2026
ReturnCorrelation
KGC37.9% 
Market (SPY)0.6%31.1%
Sector (XLB)7.1%48.5%

Fundamental Drivers

The 170.5% change in KGC stock from 2/28/2025 to 3/29/2026 was primarily driven by a 122.5% change in the company's Net Income Margin (%).
(LTM values as of)22820253292026Change
Stock Price ($)10.6328.74170.5%
Change Contribution By: 
Total Revenues ($ Mil)4,8497,05145.4%
Net Income Margin (%)15.2%33.9%122.5%
P/E Multiple17.714.5-17.9%
Shares Outstanding (Mil)1,2291,2071.9%
Cumulative Contribution170.5%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/29/2026
ReturnCorrelation
KGC170.5% 
Market (SPY)9.8%19.9%
Sector (XLB)12.4%33.8%

Fundamental Drivers

The 726.0% change in KGC stock from 2/28/2023 to 3/29/2026 was primarily driven by a 225.5% change in the company's P/S Multiple.
(LTM values as of)22820233292026Change
Stock Price ($)3.4828.74726.0%
Change Contribution By: 
Total Revenues ($ Mil)2,9947,051135.5%
P/S Multiple1.54.9225.5%
Shares Outstanding (Mil)1,3001,2077.7%
Cumulative Contribution726.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/29/2026
ReturnCorrelation
KGC726.0% 
Market (SPY)69.4%23.7%
Sector (XLB)26.8%33.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
KGC Return-19%-28%52%56%206%-1%319%
Peers Return44%-0%-3%10%107%9%246%
S&P 500 Return27%-19%24%23%16%-5%72%

Monthly Win Rates [3]
KGC Win Rate42%25%75%67%83%67% 
Peers Win Rate50%56%58%50%78%67% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
KGC Max Drawdown-30%-46%-16%-21%0%-6% 
Peers Max Drawdown-13%-28%-22%-21%-9%-1% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-5% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEM, GOLD, AEM. See KGC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)

How Low Can It Go

Unique KeyEventKGCS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-62.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven167.3%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven713 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-41.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven71.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven31 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-50.3%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven101.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven267 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-71.5%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven250.4%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven6,197 days1,480 days

Compare to NEM, GOLD, AEM

In The Past

Kinross Gold's stock fell -62.6% during the 2022 Inflation Shock from a high on 5/17/2021. A -62.6% loss requires a 167.3% gain to breakeven.

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About Kinross Gold (KGC)

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. Kinross Gold Corporation was founded in 1993 and is headquartered in Toronto, Canada.

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Kinross Gold is like a global ExxonMobil, but instead of oil, they explore for, develop, and extract gold from mines worldwide.

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  • Gold: The primary precious metal extracted, processed, and sold from its mining operations.
  • Silver: A secondary precious metal produced and sold, often found in conjunction with gold ores.

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Kinross Gold Corporation (KGC), as a gold and silver producer, sells its output primarily to other companies rather than directly to individual consumers. Due to the highly liquid and global nature of the precious metals market, and the fact that gold and silver are commodities, mining companies typically do not disclose specific major customers by name, as sales are made into the open market at prevailing prices.

Instead, Kinross Gold's primary customers fall into the following categories of companies:

  • Bullion Banks and Major Financial Institutions: These institutions purchase refined gold and silver bullion for their own inventories, for trading purposes, or to facilitate transactions for their clients (such as institutional investors, central banks, or other industrial users). They act as key intermediaries in the global precious metals market.
  • Precious Metals Refineries: Kinross Gold often sells its gold and silver dore (unrefined alloy bars produced at the mine site) to third-party precious metals refineries. These refineries process the dore into high-purity gold and silver bullion, which is then typically sold on to bullion banks or directly into the market.

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Paul Rollinson, Chief Executive Officer

Paul Rollinson was appointed Chief Executive Officer of Kinross Gold on August 1, 2012, having initially joined the company in September 2008 as Executive Vice-President, New Investments. Prior to Kinross, he had a distinguished career in investment banking, most recently serving as Deputy Head of Investment Banking at Scotia Capital, where his work encompassed the mining, industrials, forestry, power, and utility sectors. He began his professional journey as an exploration geologist.

Andrea S. Freeborough, Executive Vice-President and Chief Financial Officer

Andrea S. Freeborough assumed the role of Chief Financial Officer on May 1, 2019, and was promoted to Executive Vice-President in October 2021. She joined Kinross in 2009 and has held several key finance positions within the company, including Vice-President, Investor Relations and Corporate Development, and Vice-President, Corporate Controller. Ms. Freeborough is recognized for her strong background in financial reporting, business processes, mergers and acquisitions (M&A), and investor relations. Before Kinross, she spent 11 years at KPMG, reaching the position of Associate Partner, where she primarily worked in audit practice and as an IFRS specialist in London. She was also a member of the deal team for Kinross's $7.1 billion acquisition of Red Back Mining in 2010.

Geoff Gold, President

Geoff Gold was appointed President of Kinross Gold in January 2024. He joined the company in May 2006 and previously served as Executive Vice-President and Chief Legal Officer, a position he was appointed to in March 2008. Mr. Gold brings over 30 years of experience in the mining industry, including more than 10 years as Vice-President, Assistant Secretary, and Associate General Counsel for Placer Dome. He also practiced law for six years with the Vancouver firm of Bull, Housser & Tupper LLP.

Claude Schimper, Executive Vice-President and Chief Operating Officer

Claude Schimper was appointed Executive Vice-President and Chief Operating Officer, effective July 29, 2022. With over 30 years of mining experience, he initially joined Kinross in 2010 and held various senior operational roles, including Executive Vice-President, Operations for the Russia and West Africa regions, and Vice-President and General Manager of Kupol. Prior to Kinross, Mr. Schimper served as Chief Operating Officer for Balkan Resources Inc., and held positions at Placer Dome and AngloGold Ashanti's Mponeng gold mine.

Ryan Latinovich, Executive Vice-President, Corporate Development

Ryan Latinovich was appointed Executive Vice-President, Corporate Development in February 2025. In this role, he is responsible for overseeing all Corporate Development activities for Kinross.

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Kinross Gold (symbol: KGC) faces several key risks to its business:

  1. Commodity Price Volatility: The company's financial performance, including revenue, profitability, and cash flow, is highly sensitive to fluctuations in the price of gold. A significant decline in gold prices would directly and negatively impact Kinross Gold's financial results.
  2. Higher Production Costs/Cost Inflation: Kinross Gold is exposed to headwinds from increasing production costs, including its all-in sustaining costs (AISC). Rising operational expenses can put pressure on the company's profit margins, even during periods of elevated gold prices.
  3. Operational Headwinds and Production Growth Concerns: Challenges in maintaining or increasing gold production levels, along with potential permitting delays for new development projects, pose a risk to Kinross Gold's future growth. While the company has diversified its operations by divesting higher-risk assets, effectively executing new projects and offsetting declining reserves are ongoing concerns.

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The emergence of cryptocurrencies, particularly Bitcoin, as an alternative store of value and digital safe-haven asset could pose an emerging threat to Kinross Gold. As investors increasingly allocate capital to these digital assets, they may divert funds that would traditionally have flowed into physical gold or gold-backed investments, potentially impacting gold demand and price stability over the long term. This parallels historical disruptions where new technologies or asset classes offer an alternative to established ones.

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Addressable Markets for Kinross Gold (KGC) Main Products

Kinross Gold Corporation's main products are gold and silver. The addressable markets for these products are global.

Global Gold Market

The global gold market size is estimated to be valued at approximately USD 1308.43 billion in 2026, with projections to reach USD 1878.48 billion by 2035, growing at a Compound Annual Growth Rate (CAGR) of 4.1% from 2026 to 2035. Another estimate places the global gold market at USD 291.68 billion in 2024, anticipated to reach USD 400 billion by 2030, with a CAGR of 6.51% from 2025-2030. In terms of volume, the global gold market stood at 4,890.0 tons in 2025 and is expected to increase from 5,118.1 tons in 2026 to 7,424.4 tons by 2034, demonstrating a CAGR of 4.70% during this forecast period. Similarly, the market is expected to grow from 4.75 kilotons in 2025 to 5.1 kilotons in 2026, with a forecast to reach 7.25 kilotons by 2031 at a 7.30% CAGR over 2026-2031. Asia Pacific dominated the gold market with a market share of 65.54% in 2025.

Global Silver Market

The global silver market size was valued at USD 23.51 billion in 2025 and is projected to reach USD 36.51 billion by 2035, expanding at a CAGR of 4.50% during the forecast period of 2026-2035. Other estimations indicate the global silver market size was valued at USD 87.12 billion in 2024 and is projected to grow to USD 202.07 billion by 2033, exhibiting a CAGR of 9.86% from 2025-2033. Another report estimates the global silver market size at USD 21.21 billion in 2024, anticipated to reach USD 21.91 billion in 2025 and USD 28.43 billion by 2033, with a CAGR of 3.31% from 2025 to 2033. The rising demand for silver is significantly driven by industrial usage, particularly in photovoltaics, electric vehicles, and 5G electronics.

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Expected Drivers of Future Revenue Growth for Kinross Gold (KGC)

  • Sustained Gold Production from Core Operations: Kinross Gold anticipates maintaining a stable output of approximately 2.0-2.3 million attributable gold equivalent ounces annually for 2026, 2027, and 2028. This consistent production volume from its diversified portfolio of mines establishes a foundational base for future revenue.

  • Favorable Gold Price Environment: A sustained or rising gold price environment is a significant driver for Kinross Gold's revenue and margin expansion. The company's strong financial performance and record margins have been closely tied to higher realized gold prices.

  • Development and Commencement of New U.S. Organic Growth Projects: Kinross is actively proceeding with the construction of three organic growth projects in its U.S. portfolio: Round Mountain Phase X, Bald Mountain Redbird 2, and the Kettle River–Curlew project. While major production from these projects is slated to commence around 2028, their ongoing development over the next 2-3 years is critical for adding approximately 3 million ounces of life-of-mine production, extending mine lives well into the 2030s, and contributing to future revenue growth.

  • Operational Optimization and Grade Enhancement Initiatives: Ongoing efforts at existing mines, particularly Tasiast, focus on mine plan optimization and grade enhancement. These initiatives aim to maintain competitive costs and improve production efficiency, thereby maximizing the value extracted from current operations and supporting revenue generation by offsetting cost pressures through increased profitability per ounce.

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Share Repurchases

  • Kinross reactivated its share buyback program in April 2025 and repurchased approximately $600.3 million in shares as of December 31, 2025.
  • On March 19, 2025, Kinross renewed its Normal Course Issuer Bid (NCIB) program, authorizing the repurchase of up to 110,350,160 common shares (10% of its public float) between March 24, 2025, and March 23, 2026.
  • In 2026, Kinross is targeting 40% of free cash flow to be allocated to shareholders through both share buybacks and dividends.

Share Issuance

No significant share issuances were identified over the last 3-5 years.

Inbound Investments

  • Norges Bank purchased a new stake in Kinross Gold worth approximately $389.0 million in the second quarter of 2025.
  • Korea Investment CORP increased its holdings in Kinross Gold by 372.4% in the third quarter of 2025, purchasing 2,597,455 shares valued at roughly $81.8 million.
  • Quadrature Capital Ltd acquired a new position of 3,232,200 shares in Kinross Gold in the third quarter of 2025, valued at approximately $80.3 million.

Outbound Investments

  • In 2022, Kinross acquired the Great Bear project in Canada.
  • Kinross sold its Russian operations in 2022.
  • In February 2025, Kinross made a strategic investment in Relevant Gold Corp., acquiring 15,410,000 common shares for C$4,623,000, increasing its ownership to approximately 19.9% (or 21.8% on a partially diluted basis with warrants).

Capital Expenditures

  • Kinross's capital expenditures for fiscal years ending December 2021 to 2025 averaged $1.429 billion.
  • Forecast attributable capital expenditures for 2026 are $1.5 billion (+/- 5%), with a $350.0 million increase primarily for non-sustaining capital to support the production profile in the 2030s.
  • The company is advancing three major U.S. projects (Round Mountain Phase X, Bald Mountain Redbird 2, and Kettle River-Curlew) with a total expected investment of nearly $1.4 billion, aiming to extend mine life and lower long-term costs.

Better Bets vs. Kinross Gold (KGC)

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19.2%19.2%-0.5%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

KGCNEMGOLDAEMMedian
NameKinross .Newmont Gold.com Agnico E. 
Mkt Price28.74102.1039.42193.4070.76
Mkt Cap34.7111.41.096.965.8
Rev LTM7,05122,66915,67911,90813,793
Op Inc LTM3,22811,023546,3064,767
FCF LTM2,5667,2993104,2623,414
FCF 3Y Avg1,4813,4521162,1081,795
CFO LTM3,76010,3343236,8175,289
CFO 3Y Avg2,6046,4871284,4603,532

Growth & Margins

KGCNEMGOLDAEMMedian
NameKinross .Newmont Gold.com Agnico E. 
Rev Chg LTM36.9%21.3%48.0%43.7%40.3%
Rev Chg 3Y Avg27.0%26.2%26.1%28.1%26.6%
Rev Chg Q42.9%20.6%136.2%60.3%51.6%
QoQ Delta Rev Chg LTM9.4%5.4%31.3%12.7%11.1%
Op Mgn LTM45.8%48.6%0.3%53.0%47.2%
Op Mgn 3Y Avg31.0%28.8%0.8%38.8%29.9%
QoQ Delta Op Mgn LTM5.3%5.1%-0.0%3.6%4.4%
CFO/Rev LTM53.3%45.6%2.1%57.2%49.5%
CFO/Rev 3Y Avg46.2%34.3%0.9%48.1%40.3%
FCF/Rev LTM36.4%32.2%2.0%35.8%34.0%
FCF/Rev 3Y Avg25.0%16.3%0.8%20.2%18.2%

Valuation

KGCNEMGOLDAEMMedian
NameKinross .Newmont Gold.com Agnico E. 
Mkt Cap34.7111.41.096.965.8
P/S4.94.90.18.14.9
P/EBIT10.69.613.414.412.0
P/E14.515.778.421.718.7
P/CFO9.210.83.014.210.0
Total Yield7.3%7.4%2.3%5.4%6.3%
Dividend Yield0.4%1.0%1.0%0.8%0.9%
FCF Yield 3Y Avg8.8%4.7%14.7%3.4%6.7%
D/E0.00.10.80.00.0
Net D/E-0.0-0.00.7-0.0-0.0

Returns

KGCNEMGOLDAEMMedian
NameKinross .Newmont Gold.com Agnico E. 
1M Rtn-22.2%-21.5%-31.4%-23.1%-22.7%
3M Rtn-3.1%-3.3%14.4%5.8%1.3%
6M Rtn19.5%20.4%49.6%18.8%19.9%
12M Rtn131.5%115.1%53.4%82.0%98.6%
3Y Rtn531.2%125.0%25.8%300.4%212.7%
1M Excs Rtn-13.9%-12.1%-22.3%-13.7%-13.8%
3M Excs Rtn6.4%5.8%21.8%15.0%10.7%
6M Excs Rtn25.5%26.2%58.2%25.0%25.8%
12M Excs Rtn125.5%106.8%35.6%75.0%90.9%
3Y Excs Rtn553.8%73.9%-19.1%247.7%160.8%

Comparison Analyses

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Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Tasiast3,0593,0822,9732,9122,700
Paracatu2,0281,9731,9742,0172,226
Fort Knox1,6501,334826750720
Great Bear1,5961,4981,401  
Corporate and other9098921,2591,5322,076
Round Mountain6887318271,0741,028
La Coipa511520637  
Bald Mountain424513500586857
Single Segment 10,543   
Chirano   407430
Discontinued operations   1,151 
Kupol    897
Total10,86621,08710,39610,42810,933


Price Behavior

Price Behavior
Market Price$28.74 
Market Cap ($ Bil)34.7 
First Trading Date10/19/1994 
Distance from 52W High-24.4% 
   50 Days200 Days
DMA Price$33.15$25.12
DMA Trendupup
Distance from DMA-13.3%14.4%
 3M1YR
Volatility61.6%50.1%
Downside Capture1.320.33
Upside Capture281.43127.31
Correlation (SPY)30.1%19.3%
KGC Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta1.670.460.660.990.400.62
Up Beta-0.22-0.99-0.270.700.440.43
Down Beta0.24-1.42-0.98-0.500.160.59
Up Capture291%344%297%336%138%160%
Bmk +ve Days9203170142431
Stock +ve Days12273979156427
Down Capture249%60%87%112%-8%63%
Bmk -ve Days12213054109320
Stock -ve Days812204391307

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with KGC
KGC137.8%49.9%1.90-
Sector ETF (XLB)14.6%20.9%0.5533.7%
Equity (SPY)14.5%18.9%0.5919.0%
Gold (GLD)50.2%27.7%1.4675.5%
Commodities (DBC)17.8%17.6%0.8532.1%
Real Estate (VNQ)0.4%16.4%-0.1517.0%
Bitcoin (BTCUSD)-23.7%44.2%-0.4913.2%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with KGC
KGC35.4%43.5%0.83-
Sector ETF (XLB)6.7%18.9%0.2540.9%
Equity (SPY)11.8%17.0%0.5430.0%
Gold (GLD)20.7%17.7%0.9668.4%
Commodities (DBC)11.6%18.9%0.5030.4%
Real Estate (VNQ)3.0%18.8%0.0729.7%
Bitcoin (BTCUSD)4.0%56.6%0.2917.0%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with KGC
KGC26.1%47.7%0.67-
Sector ETF (XLB)10.1%20.6%0.4426.0%
Equity (SPY)14.0%17.9%0.6717.9%
Gold (GLD)13.3%15.8%0.7067.1%
Commodities (DBC)8.2%17.6%0.3923.6%
Real Estate (VNQ)4.7%20.7%0.1918.2%
Bitcoin (BTCUSD)66.4%66.8%1.0613.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity16.9 Mil
Short Interest: % Change Since 2282026-9.7%
Average Daily Volume11.2 Mil
Days-to-Cover Short Interest1.5 days
Basic Shares Quantity1,206.6 Mil
Short % of Basic Shares1.4%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

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Report DateFiling DateFiling
09/30/202511/04/20256-K
06/30/202507/30/20256-K
03/31/202505/06/20256-K
12/31/202403/27/202540-F
09/30/202411/05/20246-K
06/30/202407/31/20246-K
03/31/202405/08/20246-K
12/31/202303/27/202440-F
09/30/202311/08/20236-K
06/30/202308/02/20236-K
03/31/202305/10/20236-K
12/31/202203/31/202340-F
09/30/202211/09/20226-K
06/30/202207/27/20226-K
03/31/202205/10/20226-K
12/31/202103/31/202240-F